Safety Net

Analysis

Safety Net is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Safety Net reported income of $73k and spending of $81k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $73k (-6.6%), an average of -6.6% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Safety Net sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Arizona Artists Guild ($73k), Parent Booster USA Inc ($73k) and Susan E Stanton Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.